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Topic: Belarus has launched a regulated bitcoin exchange - page 2. (Read 670 times)

full member
Activity: 560
Merit: 100
money.com is definitely the most multimedia exchange I've ever seen. This is really a shopping mall between stocks, cryptocurrency, fiat money, ...
If this project achieves its goals and fulfills its words, Belarus will surely have a very successful business in the financial market. We should consider this exchange, it could be exchange number 1 of the future.
legendary
Activity: 1442
Merit: 1025
This is exactly what the other countries should look at as an example. After all you have to actually make it legal and governmental to see how the tax works out and who buys and sells how much and when and see their profits and losses and how they should pay taxes on how much and so forth. If you do this like Belarus is planning (or currently doing) then you get yourself a crypto currency craze in a country that literally is watched over by the government and used for their advantage.

If a country just flat out bans crypto currency do you think it will stop all trades? No. It will just slow it down but people will find a way to get it anyway, so this way you are taking advantage of that popularity and you are using that to raise gains of the government via a new tax channel.
full member
Activity: 1246
Merit: 102
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Recently, Belarus has been very actively implementing various privileges and conveniences for those who deal with the world of cryptocurrencies at the legislative level, in this country sufficiently good conditions are created so that entrepreneurs associated with cryptocurrencies feel quite free.
with such actions means Belarus is one of the cryptocurrency paradise at this time. I believe that the prosperity of the country will increase with increasing cryptocurrency prices, and this should be what should be done
hero member
Activity: 1082
Merit: 502
Recently, Belarus has been very actively implementing various privileges and conveniences for those who deal with the world of cryptocurrencies at the legislative level, in this country sufficiently good conditions are created so that entrepreneurs associated with cryptocurrencies feel quite free.
hero member
Activity: 3192
Merit: 939
An almost totalitarian country is launching a totalitarian crypto exchange. Grin
I'm sure the belarusian government will use this as a way to catch most of the crypto traders in Belarus(if they are so stupid to actually register).
jr. member
Activity: 121
Merit: 6
Good efforts it will help economy of Belarus. Will stop illegal use of crypto currency and will gather huge amount of tax for country. Other countries should also legalize it by making exchanges on which they give a check.
hero member
Activity: 1414
Merit: 516
Well i hope to have more of this exchanges launched by more countries and this will help more people to buy because they will think is safer to buy from there and i think they will pay fee when buy and will kot have any extra tax after.
hero member
Activity: 2870
Merit: 574
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Belarus might not have the same level of trust as Germany but it is a free country and it is a good exchange for the local citizens. It might even attract other investors to go there and start their bitcoin business
That will give another opportunity for people to trade cryptocurrency in their local country, and that will help adoption to reach more people so they know that cryptocurrency can give them a way to get a new source of income.
Yes, that will attract more investors too besides of people who want to make a better income but that will not easy because there will be people who don't like with cryptocurrency and they will do anything to makes people don't believe in cryptocurrency.
But that will depend on the people itself, and I am sure that they can filter the right news for their benefits.
legendary
Activity: 2030
Merit: 1573
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So it is both a place to trade stuff like bitcoin and ethereum but at the same time buy stocks and shares of a company as well. I wonder if we could just send bitcoin and with the deposited bitcoin we could buy shares of a company ? If that is the case than I think it is honestly a great innovation in crypto space. Their name is also amazing, just pure minimalist currency.com and that's it.

I think it is certainly a website that has a huge upside and could potentially help out many millions of people not only in Belarus but also people outside of Belarus to be part of this new system as well. I am sure if people are allowed to buy shares and stocks with bitcoin they would jump on that chance even if it was companies based on belarus because people love spending money on companies without actually having to work with banks.

Good, then i could invest in Belarus companies using bitcoin, i like that. What i don't like is if its gov controlled they might impose unrealistic unfavorable exchange rates, which is what they do here...

But it would indeed take a country from an "unregulated zone" to pull something like this first. Can you imagine the hurdle to mix crypto and stocks in America? Hey i want my Tesla stock bought with bitcoin, if this was a free country... Best you could to is go with one of those CFDs and "pretend" buy the Tesla stock with "USD" that came from an electronic "wallet" that allows bitcoin deposits...

Can't wait for the world to drop the facades already.
member
Activity: 574
Merit: 12
Belarus is positioning itself as a friendly country to cryptocurrency
The opening of a regulated tokenized stock exchange will be another link in the overall development of cryptocurrency. Therefore, this is very good news for all users of cryptocurrencies.
Belarus also created favorable conditions for mining Bitcoin and other cryptocurrency, in connection with which the Chinese chose this country for mining after their government began to create difficulties for them with mining.
member
Activity: 700
Merit: 10
Belarus might not have the same level of trust as Germany but it is a free country and it is a good exchange for the local citizens. It might even attract other investors to go there and start their bitcoin business

Its give confident to crypto investor and maybe followed by others country. More regulation from government will be good for cryptocurrency because many people afraid to invest in crypto because there is no regulation.
member
Activity: 616
Merit: 11
Belarus might not have the same level of trust as Germany but it is a free country and it is a good exchange for the local citizens. It might even attract other investors to go there and start their bitcoin business
legendary
Activity: 3710
Merit: 1170
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So it is both a place to trade stuff like bitcoin and ethereum but at the same time buy stocks and shares of a company as well. I wonder if we could just send bitcoin and with the deposited bitcoin we could buy shares of a company ? If that is the case than I think it is honestly a great innovation in crypto space. Their name is also amazing, just pure minimalist currency.com and that's it.

I think it is certainly a website that has a huge upside and could potentially help out many millions of people not only in Belarus but also people outside of Belarus to be part of this new system as well. I am sure if people are allowed to buy shares and stocks with bitcoin they would jump on that chance even if it was companies based on belarus because people love spending money on companies without actually having to work with banks.
legendary
Activity: 1596
Merit: 1034
If I hear news like this, I always feel like living in that country where crypto and blockchain which are new technologies in the world of economy are accepted by a country openly even the government also supports the development of these technologies. The regulation must be issued because even though crypto is not an asset that is controlled by a party but if crypto wants to be accepted by a person it must follow the rules of that country.
member
Activity: 952
Merit: 41
This is one of the world first regulated exchange and at that will have great user friendly interface on the exchange and we are hoping on more regulated exchange in the future because more and more countries are adopting cryptocurrency and blockchain.
full member
Activity: 1092
Merit: 117
Even though this new exchange comes from Belarus, which is not a big country and cryptocurrencies are not very popular there its good to see that they start appearing. Everything starts with a small step and I think we are talking about the same thing here because someone had to take action and other will continue that way.
legendary
Activity: 1792
Merit: 1283
Who wants to use the service of a Belorussian provider?
I don't. Nor would anyone from Western Europe or America.
Maybe Russian or Serbs, but that's about it.

So what? Isn't it positive that there are exchanges in all parts of the world?
You can't expect Bitcoin to become used and accepted globally if smaller countries don't have their own exchanges.

Without talking about the political situation in Belarus, I think they're doing good by encouraging the use of cryptocurrency.
Other countries can really learn from that.
legendary
Activity: 3248
Merit: 1402
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I've heard a year ago about project laws on regulation of cryptos in Belarus and about attempts of crypto businesses to operate legally there. It's cool that there's the first legal exchange in the country now, and the fees seem reasonable to me. I also find it acceptable that anonymous cryptos won't be traded, because allowing them and complying with international AML practices is very hard. I was wondering about taxes, though. Will Belarussian traders have to pay the income tax or whatever other taxes there are in this country when they deal with cryptos? Will the KYC be required for every customer?
brand new
Activity: 0
Merit: 0
It's smart; they are incentivising their population to invest in crypto so that in 2023 when taxes start there will be a larger pie to tax.
hero member
Activity: 3066
Merit: 629
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It's smart; they are incentivising their population to invest in crypto so that in 2023 when taxes start there will be a larger pie to tax.
What can we expect? there's a big chunk for these exchanges if the gov't will just recognize them.
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